50 Jay Street, Brooklyn, NY 11201-1144

DUMBO, Brooklyn, New York 11201-1144

Listing ID Number


Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange the sale for the sale of 42 50 Jay Street, an approx. 79,900 Gross SF loft building located in the heart of DUMBO of the southwest corner of Jay and Plymouth Streets. The building is currently owned & operated by a non-profit user who will be delivering the entire property vacant, presenting a significant opportunity for both owner-operators to acquire a turnkey headquarters facility and investors to execute a high-end residential and/or office conversion.

The property is comprised of interconnected 5-story & 7-story buildings. The 5-story building, 50 Jay Street, is currently operated as office space and spans approx. 33,900 Gross SF and 28,250 above grade SF. The entire building, with the exception of the 3rd floor, recently underwent an extensive gut renovation designed by Gensler. The office space features the building’s innate loft features such as exposed brick, wood beam columns, and 12’ plus ceiling heights. The 7-story building, 42 Jay Street, also underwent a complete interior renovation, with the exception of the 7th floor, and is utilized as an inpatient care rehab facility. 42 Jay Street is comprised of approx. 46,000 Gross SF and 40,250 above grade SF. In total, the property spans approx. 79,900 Gross SF and 68,500 above-grade SF.

Under the M1-4/R8A zoning, the as of-right FAR for the site is 5.40 permitting a total development potential of 74,585 SF. After deducting the existing square footage, the property offers approx. 6,085 SF of additional air rights.


Building Type:Mixed-Use User Buildings



For further information or inspection, please contact Exclusive Agents:

Robert A. Knakal
Chairman, New York Investment Sales
(212) 660 7777

Stephen P. Palmese
Vice Chairman
(718) 307 6552

Jonathan Hageman
Executive Managing Director
(212) 660 7773

James Berluti
Associate Director
(718) 606 7053

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Property Map

Aerial View

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.